3. (25 pts) Smith makes deposits to a saving account on July 1 of each year. The first deposit was made on July 1, 2008, and the last deposit will be made on July 1, 2018. The first deposit was $1,000 and each subsequent deposit increases by $100. The account is credited with an effective annual rate of interest of 4%. What will be the value of Smith's account right after the deposit on July 1, 2018